UPDATE 1-Mitsui enters Brazil auto parts market with $58.5 mln buy

Feb 22 (Reuters) - Japanese trading company Mitsui & Co bought Brazil's Veloce Logistica SA for 4.7 billion yen ($58.5 million) to expand into the South American country's auto parts distribution business, the Nikkei said.

Veloce Logistica manages parts transportation, runs distribution centers and handles deliveries in Brazil and Argentina for local plants of General Motors Co and other ...